Trading

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  1. Citigroup alternative trading system settles with SEC

    trueCitigroup Global Markets' LavaFlow alternative trading system will pay $5 million — $2.85 million in penalties and the remainder in refunds to clients including money managers — to settle SEC charges that it did not protect subscribers' confidential information.

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  1. CFTC commissioner appointed CEO at International Swaps and Derivatives Association

    trueScott O'Malia was named CEO of the International Swaps and Derivatives Association, the organization announced Wednesday.

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  2. Credit Suisse dumping fixed-income commodities trading

    trueCredit Suisse will exit the commodities trading business.

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  3. BATS Global Markets president out

    trueWilliam O’Brien, president of BATS Global Markets, has left the company.

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  4. Greenwich Associates: Goldman Sachs leads U.S. fixed-income dealers in market share

    trueGoldman Sachs holds the top spot among U.S. fixed-income dealers, according to a report from Greenwich Associates released Tuesday. Goldman had 12.1% of all market share based on institutional trading volume over the past 12 months, followed by Deutsche Bank (11.7%) and Citi (11.5%), according to ...

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  5. SEC investigating hedge funds in House committee insider-trading probe

    trueSome of the country’s largest hedge funds are being investigated by the SEC as part of an insider-trading probe.

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  6. State Street reaches $60 million settlement over shareholder lawsuit

    trueState Street Corp. has reached a $60 million settlement on a class-action lawsuit led by the $24 billion Mississippi Public Employees' Retirement System, Jackson, and Union Asset Management Holding AG, regarding its foreign-exchange trading services.

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  7. Poll results: What will LSE do with Russell's investment management and consulting businesses?

    trueAlmost 35% of P&I Online readers believe London Stock Exchange Group PLC will keep Russell Investments' asset management and consulting businesses, according to a poll the week of June 30.

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  8. Barclays suit another black eye for dark pools

    trueA lawsuit filed by New York state against Barclays PLC was the latest hit to the image of dark-pool trading, providing yet another prod to increase trading venues' transparency while also potentially opening up dark-pool operators to broader legal action from governmental agencies.

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  9. New Russell owners likely to keep only indexing unit

    trueRussell Investments' asset management and consulting businesses will most likely be sold by the London Stock Exchange Group PLC, which is purchasing the entire firm for $2.7 billion, sources say.

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  10. Dow Jones tops 17,000 as June payrolls rise amid ECB stimulus

    trueThe Dow Jones industrial average on Thursday climbed above 17,000 for the first time as data showed employers added more workers than projected in June and the European Central Bank disclosed details of its stimulus plans.

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  11. New York attorney general sues Barclays over dark-pool business

    trueBarclays PLC is being sued by Eric Schneiderman, New York state attorney general, on charges of building its dark-pool trading business on false claims and fraud, favoring high-frequency traders.

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  12. SEC expands its cross-border swaps rules

    trueThe SEC on Wednesday voted to extend its cross-border securities-based swap rules to include transactions executed by foreign divisions of U.S. banks when an affiliate’s trades are legally guaranteed by the parent company.

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  13. Poll results: Would a proposal to reduce high-frequency trading help level the trading playing field?

    trueSixty percent of P&I Online readers believe it is possible to level the playing field if the exchanges change the way trades are executed.

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